Sunday, December 22, 2024

Gas Supplies News

Prices rise on increased demand for electricity and uncertainty about Russian flows

Dutch and British wholesale prices for gas rose on Friday, as a result of a surge in demand from power plants and a decrease in wind speed. There is also uncertainty over Russian gas supplies to Europe due to the imminent end of the Ukraine transit agreement. The benchmark contract for the Dutch TTF hub rose by 0.30 euros to 43.58 euro per megawatt-hour (MWh), which is $13.68/mmBtu by 0955 GMT.

Germany's Wilhelmshaven Terminal offers May LNG Capacity

A Wilhelmshaven LNG Terminal (c) HansPeter Adobestock

Deutsche Energy Terminal (DET) said on Thursday that Germany's Wilhelmshaven liquefied natural gas terminal intends to market capacity for ships to discharge LNG in May 2025, adding that there would be limited slots available in the first quarter there and at another location.DET has been commissioned by Berlin since the height of Europe's energy crisis in 2022 to market regasification of gas volumes arriving on LNG tankers…

Prices for European gas rise as renewed Russian focus on gas is renewed

The Dutch and British wholesale gas price rose on Tuesday afternoon due to renewed concerns about Russian gas supplies to Europe starting in January. By 1505 GMT the benchmark front-month contract for the Dutch TTF hub had risen 1.87 euros to 41.83 euros/MWh, or $12.87/mmbtu. This was a continuation of the gains made in the morning. It fell to 39.10 euros/MWh intraday on Monday, its lowest since November 6.

Jordan Signs Deal to Use Egyptian FSRU Until 2026, Ministry Says

Jordan's Energy Ministry announced on Monday that Egypt and Jordan had signed an agreement allowing Jordan to use a floating storage and regasification Unit (FSRU) from Egypt until 2026. The FSRU is helping Jordan to secure liquefied gas supplies for emergencies before the completion of Aqaba LNG Import Terminal scheduled for the fourth quarter 2026. Jordan will receive around 350 millions cubic feet of FSRU per day.

Document shows that the EU Commission has set a 50% storage target by February 2025.

The European Commission announced on Friday that Europe had set a target to have its gas storage 50% full by February 1, 2025. This is to ensure supply security amid cold weather forecasts and fears of Russian gas disruption. It is important to ensure that the gas supplies of the EU do not fall too low during the winter months, and that the supply…

Brazil Gas Subsidy Plan is hindered by fiscal concerns

The Brazilian fiscal constraints may prevent a proposal to subsidise the price of natural gases used to make nitrogen fertilizers, Bernardo Silva said, executive director of the fertilizer lobby Sinprifert. The group, which includes Mosaic, Eurochem, and Yara in Brazil as members, is pleased with the plan, because it will help reduce Brazil's dependence on imported fertilisers.

Prices of EUROPE GAS stabilize as the market waits for new stimuli

The Dutch and British wholesale prices of gas were mostly unchanged on Friday morning, amid a muted market and some profit-taking. Weather and supply forecasts remained the same. By 1004 GMT, the benchmark front-month contract for the Dutch TTF hub had fallen by 0.37 euros to 45.91 euro per megawatt (MWh) or $14.21/mmBtu. The contract for January was lower by 0.42 euros, at 46.33 Euro/MWh.

Woodside CEO: Louisiana LNG project to be partnered with several companies by March

Woodside Energy's CEO said that the company expects to have several partners in its Louisiana liquefied gas project by the time it gives financial approval to the U.S. Project, which is expected to be the first quarter of 2020. Woodside, a company listed in Australia, is looking to sell 50% of its Louisiana LNG project. It now owns the entire project after acquiring Tellurian Inc. for $1.2 billion in October. The U.S.

Prices for gas in Europe are not much different despite the cold weather forecast

Analysts said that the Dutch and British wholesale prices of gas were not much different on Thursday, but could rise due to forecasts for colder weather conditions and reduced wind speeds. By 0922 GMT, the benchmark front-month contract for the Dutch TTF hub had fallen by 0.10 euros to 46.41 Euro per megawatt hour or MWh (or $14.60/mmbtu). The Dutch day-ahead contract fell 0.20 euros, to 46.40 Euros/MWh.

The German wind is downturning and the temperature is dropping.

The European immediate power prices rose on Thursday as a result of the forecasts that German wind production volumes would plummet, and because colder weather is on its way in France. Riccardo Paraviero, LSEG analyst, said: "Tomorrow’s outlook is bullish. LSEG data show that the German baseload power for the day ahead was 50% higher at 145.5 Euros ($153.40), a record high in two weeks, at 0905 GMT.

Axpo, a Swiss company, is looking at opportunities in Japan's power and LNG trading

Axpo, a Swiss power producer and trader, is looking at opportunities in Japan's electricity and liquefied gas (LNG), as the changes in Japan's power sector have created a demand for spot LNG and hedging. Japan has set an ambitious target of renewables accounting for 36%-38% of its total electricity mix by 2030. In 2016, the power market was liberalised, leading to a more liquid futures exchange for electricity.

EUROPE GAS prices near a one-year high due to concerns about Russian supply and cold weather

The Dutch and British wholesale gas prices reached their highest intraday levels in almost a year on Thursday, amid concerns about Russian gas supply. Austrian energy group OMV said that an award of over $243 mln for irregular German gas supplies by Gazprom may impact its Gazprom gas supply agreement. The benchmark front-month contract for the Dutch TTF hub increased by 1.71 Euros at 45.38 euro per megawatt hour at 0903 GMT.

Angola LNG is considering expansion as gas supply increases

Angola Liquefied Natural Gas is looking at future expansion options, including adding a three-million-metric ton mini train, as gas supplies ramp up in the plant over the next year. The plant will reach full capacity by 2025, thanks to extra supplies from Chevron and the New Gas Consortium. Africa's second largest crude producer is planning to shift more towards natural gases to capture the growing demand on key markets in Europe…

EUROPE GAS - Prices rise due to colder weather and wind; attention on Trump

Dutch and British wholesale gas prices increased on Thursday morning due to colder weather and low winds, but uncertainty remains over the impact of the U.S. Donald Trump presidency on the global market. LSEG data shows that the benchmark front-month contract for the Dutch TTF Hub increased by 0.28 euros to 41.00 Euro per megawatt hour (12.92/mmbtu) or 12.92 euros per megawatt (MWh) at 0941 GMT.

Woodside and Tokyo Gas discuss stake in US LNG Project

Tokyo Gas and Woodside Energy are in discussions about a possible stake in the multi-billion dollar Louisiana LNG export project. Two people familiar with these talks confirm this. Woodside, a major Australian oil and natural gas company, closed a deal this month to buy Tellurian Inc., a developer that had put itself up for sale after running out of money while building a U.S.

EUROPE GAS - Prices drop amid mild temperatures and solid supply

The Dutch and British wholesale prices of gas fell on Thursday morning, as temperatures were above normal for this time of the year and supplies remained stable. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub fell 0.87 euros to 40.35 euros per Megawatt Hour (MWh), which is $12.84/mmbtu at 0915 GMT. The Dutch December…

Gazprom raises its 2024 investment program by 4%, to $16,9 billion

Gazprom, the Russian energy giant, announced on Tuesday that it had increased its investment programme for 2024 by around 4%. The previous program was approved in December and consisted of 1.57 trillion Russian roubles. This has now been raised to 1.64 trillion Russian roubles (16.85 billion dollars). Gazprom reported that both domestic and export gas supplies were increasing…

Benchmark European Gas at its highest level in 10 Months due to geopolitical risk

The Benchmark front month contract at the Dutch TTF Gas Hub hit its highest intraday levels in more than ten months Thursday as the Middle East Conflict and reports that North Korean troops were ready to assist Russia in Ukraine kept the traders on edge before the U.S. Presidential election. According to LSEG, the contract for November deliveries reached 42.57 euros per Megawatt Hour (EUR/MWh)…

Serbian Vucic thanks Putin over natural gas supplies

On Sunday, Serbian President Aleksandar Vucic thanked Russian president Vladimir Putin for helping to secure enough natural gas supplies for his country's winter. A three-year contract for gas supply between Russia and Serbia expires on March 20, 2025. Vucic, Putin’s closest European ally, explained that the phone call was the first in nearly two-and-a-half years.

EUROPE GAS-Prices trade at narrow range amid mild weather forecast and low demand

Dutch and British wholesale price rose slightly, but were contained to a small range on Monday morning due to lower demand. LSEG data shows that the benchmark front-month contract for the Dutch TTF hub increased by 0.87 euros to 40.22 Euro per megawatt hour at 0934 GMT. The contract for December was 0.25 euros higher, at 40.00 Euro/MWh. The day-ahead contract in the British market was up 2.25 cents at 98.50 pennies per therm.